Wholesale prices post biggest gain in 6 months

June 17, 2008

 

As reported in AP

 

Wholesale prices post biggest gain in 6 months, propelled by energy and food costs

 

WASHINGTON (AP) — Wholesale prices bolted ahead in May at the fastest pace in six months as energy and food costs marched higher.

 

The Labor Department reported Tuesday that its Producer Price Index, which measures the costs of goods before they reach store shelves, shot up 1.4 percent in May. That was up from a modest 0.2 percent rise in April and marked the biggest increase since November.

 

However, stripping out energy and food prices, which can swing widely from month to month, the “core” rate of inflation rose 0.2 percent in May, an improvement from the prior month’s 0.4 percent increase. That suggested that other prices were fairly well behaved.

 

The overall inflation rate of 1.4 percent was higher than the 1 percent rise many economists were forecasting. But the increase in core prices matched their expectations.

 

 

Our perspective:

 

Food and energy are becoming the basic necessities nowadays. Throw in medical and other insurances and that seems to be all we are working for. To cover the basics.

 

We have to take a long hard look.

 

It seems that the last 20 – 30 years our economy has skyrocketed and at the same time it is becoming unaffordable. This would tell you that we are not addressing the issues properly.

 

We must be willing to look outside the box to define and create real solutions that work and benefit all, just not a few.

 

We do this in business everyday.

 

Hutchinson Business Solutions prides itself on “ Thinking out of the box,” creating opportunities to provide savings and increase efficiencies.

 

Whether it is Business Taxes, Energy, Communications or Insurance; we are addressing these topics with an eye towards the future. 

 

We would like to know your thoughts? You may email george@hbsadvantage.com

 

Hutchinson Business Solutions     …….     Your CFO on the Go

 

Creating Opportunities Today…..Providing Savings for Tomorrow

 

Visit us on the web www.hutchinsonbusinesssolutions.com

 

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: